Articles by Mexico

November soybeans are trading 2 cents lower near 7:30 am cst. Soybean meal is higher in early trade while oil is lower. Malaysian Palm Oil prices traded down to their lowest level in almost a month as traders turn cautious after the Malaysian Palm Oil Board reported stocks at a 10 month high. There were no soybean or soybean meal deliveries overnight but 534 deliveries of oil were made bringing the total for the month to 7,102. Asian equity markets were generally lower during overnight trading, ...

Brent crude futures fell for the first time in four sessions on Tuesday as investors took profits, though they remained above $114 a barrel with declines limited by hopes the U.S. Federal Reserve would unveil further steps to stimulate the economy this week. Profit-taking kicked in after Brent rose nearly $2 in the past three sessions, said Ken Hasegawa, a commodity sales manager at Newedge Japan, though prices are likely to remain fairly steady ahead of a keenly awaited Fed meeting on Wednesday...

December corn is trading 4 cents higher near 7:30 am CST and there were no September corn deliveries overnight. Dalian corn traded slightly higher overnight. Corn managed marginal gains overnight on support from a stronger wheat market. The US Dollar is trading slightly higher following Friday's sharply lower trade and crude oil is steady. European markets inched lower to the start the week on profit taking following last week's gains and ahead of a German ruling on the Euro zone's new ...

Last week was a week that was driven by the potential for stimulus from all corners of the world. First out of the starting gate was the announcement by ECB President Draghi about the details of the new bond buying program. This was followed by the increased likelihood (the view of the market) that the US Fed would embark on a new round of quantitative easing at the September 12/13 FOMC meeting after the weak jobs report on Friday. China's President HU said at the APEC conference that infrast...

Christopher Maffei, the South San Francisco, Calif., man who allegedly abducted his two young children, has been spotted on a stolen boat with one of the kids by a commercial fisherman 50 miles off a harbor near San Francisco.

December corn is trading 1 cent higher near 7:30 am CST and there were no September corn deliveries overnight. Dalian corn traded lower overnight. The corn market traded a steady range overnight in light volume but rose from session lows after European markets opened. European markets extended gains from yesterday after the ECB announcement of their new bond-buying program. US stocks are set to open higher this morning and Gold is trading higher after seeing significant gains yesterday. The US D...

Oil Prices resisted resistance despite the fact that US crude oil inventories fell a whopping 7.4 million barrels plunging 22 million barrels in just the last seven weeks. It seems that despite the fact that stock markets around the globe were celebrating Mario Draghi's sterilized bond buying program oil succumbed to rumors and innuendo.

Brent futures steadied above $113 a barrel on Friday ahead of a U.S. jobs report that will gauge the economic health of the world's biggest oil consumer as it considers a release of emergency oil reserves, potentially much larger than the last. Investors are focused on U.S. nonfarm payrolls data, expected to show an increase of 125,000 jobs, strengthening the case for a third round of monetary easing by the Federal Reserve, which could kick-start its economy and oil demand.

November soybeans are struggling midday and are trading slightly lower. Soybeans found support after the US Dollar turned lower and wheat surged to new session highs. However, a better than expected private estimate for the 2012/13 soybean yield and production has triggered profit taking. Basis remains weak in domestic markets and steady to weaker in the Gulf of Mexico. Some traders are expecting farmers to sell new crop bushels right away due to the historically high futures levels.

After a magnitude 7.6 earthquake Wednesday rocked Costa Rica, a popular Central American destination for North American travelers, the tourism board released a statement reassuring visitors that the industry is “operating normally.”

Silver is soaring once again helping to support oil as the market is giddy about the prospects of Mario Draghi' s sanitized bond buying! Or perhaps should we call it central bank money laundering. You see it isn't really money printing as long as you remove one Euro from the money supply for every bond that you buy. Seeing that the plan is to allow the ECB to by unlimited treasuries on the short end of the yield curve three years or less in unlimited quantities that should make Euro's s...

Brent crude futures climbed towards $114 per barrel on Thursday, buoyed by hopes the European Central Bank will announce details of how it plans to tackle the euro zone's crippling debt crisis at a meeting later in the day. Europe's debt woes and a slow global economic growth has fuelled worries about the demand outlook for commodities, but these concerns are expected to ease slightly if the ECB starts a new bond-buying program to help cut the borrowing costs of Spain and Italy.

Chile retained its top spot among Latin American economies as the most economically competitive nation, while its neighbor to the east continued falling, according to a report from the World Economic Forum, which hosts the annual economic summit in Davos, Switzerland.

Quantitative easing hopes may be driving silver and gold higher but suddenly seems lost on the oil complex. While QE fever swept some parts of the commodity complex oil decompressed as it seems that the geo-political risk was unchanged. The fact that some refineries and off shore production is coming back on line and concerns about a weakening manufacturing sector helped reverse oil's fortunes yesterday.